In the figure given below,when aggregate supply is AS,the equilibrium output and price level will be Y2 and P2.
Definitions:
Putting Words in Sequence
The act of arranging words to form coherent sentences, an essential skill in both oral and written communication.
Locution
Words placed in sequence.
Illocution
Words placed in sequence and the context in which this is done.
Semantics
Refers to the study of meanings in language, including how words and phrases express concepts and how these meanings change in different contexts.
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